Powell to Remain as Fed Governor After Chair Term Ends in May 2026

The last such instance occurred in 1948, when Marriner Eccles stayed on as a governor amid tensions with the Truman administration.

Powell emphasized a smooth handover in comments following the announcement. "I plan to keep a low profile as a governor," he stated. " He described the transition process as "a very normal, standard kind," downplaying any potential for rivalry with his successor.

Kevin Warsh, nominated by President Donald Trump as the incoming Fed Chair, could not be reached for comment. Trump previously nominated both Powell and Warsh to their roles. The FOMC's most recent post-meeting statement drew four dissents, highlighting internal divisions on policy direction.

2% in March 2026, above the Fed's 2% target. Labor market data further underscores stability.

Weekly jobless claims fell to their lowest level since September 1969. Layoffs remain at their lowest since the early years of former President Richard Nixon's administration. 23 million barrels per day in April 2026—the highest level since 2018.

08 million barrels per day. Shipping data and PDVSA documents show 66 cargoes departed Venezuelan ports in April, up from 61 vessels in March. The surge follows political upheaval in Venezuela.

Nicolas Maduro was captured in January 2026, leading to the installation of an interim government. Washington has eased sanctions on Venezuela since January and taken control of certain Venezuelan assets. The Iran war continues to ripple through global economies.

5%, becoming the first African country to take such action.

The hike addresses pressures from elevated oil prices and related supply disruptions. At the OLL 26 Video Games Show in Norwich, he touched a ZX Spectrum for the first time in decades and hosted a Q&A session followed by an impromptu signing.

He also ran his Dominik Diamond’s Retro Rumble evening show, which lasted two-and-a-half hours and recreated challenges from the 1990s GamesMaster series he hosted for seven seasons. GamesMaster last aired on television nearly 30 years ago. Diamond, who lived on the other side of the world for 17 years, received a cassette of Daley Thompson’s Super Test— a game he played on the ZX Spectrum 40 years ago—at the Forgotten Worlds store in Stewarton.

His book signing there extended nearly five hours amid conversations with fans. , where they reflected on early gaming experiences with titles like Space Invaders and Pac-Man. He is currently back in Canada.